Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXMasterBot review 2018

Min. Deposit$100

Max. LeverageAuto

Spread EUR/USD0 pips

MobileYes

PlatformProprietary

LiveChatYes

FXMasterBot is a product that will definitely take your trading game to a whole new level thanks to a highly user-friendly approach that allows traders to trade forex with this software. This is a great improvement, compared to trading software that already exists on the market, as it is really almost impossible to find a software that covers both types of trading.

This shows how user-oriented FXMasterBot is, and how traders can apply a variety of trading strategies and money management methods.

In FXMasterBot review, we will explain how it works and give you more information about account types offered, as well as customer support. We recommend you to continue reading the review below to find out more information about this free software!

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FXMasterBot Account Features

FxMasterBot is an advanced trading software in many ways. Till now, traders were in most cases limited to a single trading account type, but thanks to FXMasterBot, they get a chance to upgrade their account as they progress. Also, there is a FXMasterBot demo account offered for traders who wish to experience the platform and learn all about different trading tools available.

Besides the demo account, there are also three other accounts available.

FXMasterBot Novice Account

FXMasterBot Novice is a trading account that is available to traders who make a minimum deposit with a broker available on the platform, which is $100. Traders get a special set of benefits that include 3 currency pairs, a chance to have 3 opened trades at the same time, trading with multiple brokers and Leaderboard multiplier x1. This is usually considered to be a beginner’s account.

FXMasterBot Expert Account

This account type is an upgrade available after $500 deposit. Besides the benefits of Novice account, traders can also trade 9 currency pairs, get access to additional settings and Leaderboard multiplier x2.

FXMasterBot Master Account

This is the ‘mother of all accounts’ and account that unveils the full potential of FXMasterBot software, the review showed how traders who opt for this account that requires deposit with two brokers in the amount of $500 with each. Leaderboard multiplier x3, all advanced settings, all currency pairs and VIP customer treatment are waiting for you.

FXmasterBot Demo Account

Immediately after the registration process is completed, traders get an opportunity to try the free demo account. Demo account looks exactly like the real trading account, with one important difference – it is not used to make a profit immediately, but to learn how to profit in future. There is no real money investments involved in the FXMasterBot demo. This account type is available for 5 days, and you can trade as much as you like.

Such variety of different account types is more frequent with forex brokers than with trading software. FXMasterBot review can conclude that such great account list shows that this software is before its time.

FXMasterBot Trading Software

Many traders will be happy to know how trading combinations with FXMasterBot are endless as it supports forex trading, as well as manual and automated trading. FXMasterBot also has several different settings available, including:

Compound Wins

Reverse Trading

Max Concurrent Trades

Daily Take Profit

Daily Stop Loss

Max Daily Trades

The advanced account you have, the more settings will be available to you.

How to trade Forex with FXMasterBot?

First and foremost, traders get a chance to use two settings: stop loss and take profit. Considering how there are no expiry times involved and traders can set their limits to make sure the trades will be closed at a perfect moment. If you set the Take profit to $100 and Stop Loss to $25, the software will close the trade when whichever limit has been reached.

FXmasterBot auto forex trading is very similar to manual trading, except the software directly implements your personal settings to the trade

How does the FXMasterBot Work?

FXMasterBot is not a robot in the traditional sense of the way. It is a computer software that is completely web based, which means it requires no downloads. FXMasterBot won’t take any space on your computer, as it can be accessed directly from your browser. In FXMasterBot review, our team noticed that there are several brokers offered which is completely understandable as FXMasterBot is not a broker but a software that serves as a connection between the broker and the trader f the r better trading experience.

This also means that no deposits or withdrawals are ever done with FXMasterBot, as it is a completely free software. The variety of banking methods will depend on your selected broker.

What is FXMasterBot Leaderboard?

During the FXMasterBot review, our team noticed how there is an intersting profit opportunity. It gives traders a chance to earn special points and win cash prizes. Behid the leaderboard is a simple calculation:

Trade volume x multiplier + (deposits-withdrawals)

Let’s break this down!

Let’s say that the trader reached the trading volume of $100. The trader also deposited $500 and withdrawn $100. The trader is currently on the Master level, so his multiplier is x3.

100×3 + (500-100)= 300+400= 700 points

The Leaderboard is reset every month, so all traders get a fair chance for winning a cash prize!

FXMasterBot Support Information

Every trader knows how customer support can be something that makes or breaks the deal, and in FXMasterBot review, we had the opportunity to test the customer support available with FXMasterBot.

The customer support is available to all registered and potential traders via live chat. We tested the support by asking several quite easy questions, and a few more complicated ones. The agents always replied quickly, and were of great help. They helped us understand different features available. Users can also contact customer support via email.

If you are not in the mood for a chat, you can check out the FAQ section. The FAQ section provides many answers to traders who want to know more.

FXMasterBot Payment Methods

FXMasterBot is a free trading software. This means that traders can utilize their money for trading, instead of having to pay different memberships, fees, and charges. However, in order to trade with FXMasterBot, you have to make a deposit with at least one broker available on the trading dashboard.

Minimum deposit with most brokers is $100, and it is always processed by the broker, and never by the FXMasterBot software. The software is completely free.

FXMasterBot Review verdict

FXMasterBot is a trading robot that really makes the difference. This means that every trader can find a combination that suits them best at a certain moment.

There is also an opportunity to win lucrative cash prizes thanks to the leaderboard system. Traders can also make progress in upgrading their account and accessing different settings, depending on the deposited amount.

With FXMasterBot all traders get a chance to experience a genuinely unique trading environment they can customize completely for free. This is another advantage of trading with FXMasterBot – you can invest your money to what matters the most – your trading!

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